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31.03.2016

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"Kazakhstan Islamic Finance 2016: a new frontier for Islamic finance" country report


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22.06.2016

Islamic banking will be most relevant to SME sector: Zafar Sareshwala

Interview with director and head of Islamic Corporation for Development's (ICD) India operations.

25.11.2015

Islamic Develop Bank calls for new Islamic microfinance structures

As the Shariah-compliant Islamic finance sector booms in the GCC region, the President of the Islamic Development Bank (IDB) Group, Dr. Ahmad Mohamed Ali, asked experts in the field to develop new Islamic microfinance structures.

14.09.2015

Dubai Silicon Oasis Authority and Thomson Reuters Reveal Key Findings of Digital Islamic Economy Report 2015

Dubai Silicon Oasis Authority (DSOA) and Thomson Reuters, with support from the Dubai Islamic Economy Development Centre (DIEDC) released the 'Digital Islamic Economy Report' for 2015, in collaboration with DinarStandard.

Islamic Development Bank to List First Ringgit Sukuk

26.08.2010

Islamic Development Bank, a Saudi Arabia-based multilateral lender, will list its inaugural ringgit-denominated sukuk program in Kuala Lumpur, following in the footsteps of General Electric Capital Corp. and Nomura Holdings Inc.
Islamic Development Bank to List First Ringgit Sukuk
Islamic Development Bank, a Saudi Arabia-based multilateral lender, will list its inaugural ringgit-denominated sukuk program in Kuala Lumpur, following in the footsteps of General Electric Capital Corp. and Nomura Holdings Inc.

Malaysia, the world’s largest market for Shariah-compliant bonds, is offering incentives and easing rules to encourage more foreign companies to sell sukuk in the nation. Islamic Development Bank, which has 56 member countries including Egypt, Saudi Arabia and Turkey, plans to list the 1 billion ringgit ($319 million) medium-term note program it started in 2008, according to a presentation in Kuala Lumpur today.

“This listing would entice more issuers from the Gulf,” said Badlisyah Abdul Ghani, chief executive officer of CIMB Islamic Bank Bhd., joint lead manager for the ringgit issuance.

Islamic Development Bank has so far issued 400 million ringgit of bonds under its 10-year sukuk program, according to a joint statement today with exchange-operator Bursa Malaysia Bhd. They didn’t say when the next issue would be. The sukuk is rated AAA by Standard & Poor’s, the statement said.

Source: http://www.bloomberg.com

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Malaysia's fast-growing Islamic finance sector benefits not only the Muslim world but also non-Muslim countries, said former Prime Minister Tun Abdullah Ahmad Badawi.

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